1st April, 2018 (₹) |
31st March, 2019
(₹) |
||
Machinery |
8,000
|
8,000 | |
Furniture |
2,000
|
2,000
|
|
Stock |
7,000
|
5,000
|
|
Sundry Debtors |
4,000
|
4,500
|
|
Bank Balance |
200 (Cr.)
|
1,800 (Dr.)
|
|
Sundry Creditors |
5,000
|
3,500
|
Statement of Affairs as on April 01, 2018 |
|||
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
Bank Overdraft |
200 |
Machinery |
8,000 |
Sundry Creditors |
5,000 |
Furniture |
2,000 |
Capital (Balancing Figure) |
15,800 |
Stock |
7,000 |
|
|
Sundry Debtors |
4,000 |
|
|
|
|
|
21,000 |
|
21,000 |
|
|
|
|
Statement of Affairs as on March 31, 2019 |
||||
Liabilities |
Amount (₹) |
Assets |
Amount (₹) |
|
Sundry Creditors |
3,500 |
Machinery |
8,000 |
|
Capital (Balancing Figure) |
16,900 |
Less: 10% Depreciation |
(800) |
7,200 |
|
|
Furniture |
2,000 |
|
|
|
Less: 5% Depreciation |
(100) |
1,900 |
|
|
Stock |
5,000 |
|
|
|
Sundry Debtors |
4,500 |
|
|
|
Bank Balance |
1,800 |
|
|
|
|
|
|
|
20,400 |
|
20,400 |
|
|
|
|
|
Statement of Profit or Loss for the year ended March 31, 2019 |
|
Particulars |
Amount (₹) |
Capital as on March 31, 2019 |
16,900 |
Add: Drawings |
4,100 |
|
21,000 |
Less: Additional Capital Introduced |
(300) |
Adjusted Capital as on March 31, 2019 |
20,700 |
Less: Capital as on April 01, 2018 |
(15,800) |
Profit made during the year 2018-19 |
4,900 |
|
|